US producer prices less than expected in Dec; “little concern” over sticky inflation

14 January 2025

 

Summary: US producer price index (PPI) up 0.2% in December, less than expected; annual rate rises to 3.3%; “core” PPI flat over month, up 3.5% over year; Citi: suggest little concern over sticky or reaccelerating inflation; US Treasury yields decline; rate-cut expectations firm; goods prices up 0.6%, services prices flat; Citi: stronger airfares in PPI leads to modest increase in Dec CPI forecast. Around the end of 2018, the annual...

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